By Heesu Lee and Debjit Chakraborty (Bloomberg) -- It was only two years ago that the world’s biggest oil market was awash with diesel and profits from making the fuel cratered. Now the refined product is getting a new lease of life, and more demand is poised to emerge from the sea.
With crude’s bull market being underpinned by diesel consumption, Asian refiners … [Read more...]

LONDON, Aug 4 (Reuters) - Royal Dutch Shell is considering expanding the capacity of one of its German refineries to make oil products that meet an upcoming cap on the sulphur content of fuels used in shipping.
In the past few days, Rheinland refinery representatives met local officials and environmental groups to present preliminary plans for an investment at the plant's … [Read more...]

By Conor Molumby (Bloomberg) -- All hail fuel oil, historically the cheapest, dirtiest and least-loved thing to come out of refineries. Thank crude output cuts by OPEC and its allies for the surprise ascendance of the product used to power ships and generate electricity.
1. OPEC Hits Supply of Fuel Oil-Rich Crudes
OPEC’s influence on the oil market is perhaps most apparent in … [Read more...]

By Bart H. Meijer AMSTERDAM, July 12 (Reuters) - The Dutch competition watchdog said on Wednesday it was investigating a possible illegal, price-fixing cartel by fuel companies in ports in the Netherlands and Belgium.
The watchdog, known by its Dutch acronym ACM, said it had visited some of the dozens of companies active in fuel production, transportation, storage and … [Read more...]

By Paul Gonzalez-Morgan, Editor, Gibraltar Shipping
Peter Hall has over 40 years’ experience in the marine industry and is an accomplished marine executive having served as a CEO of a major international port, and has several years’ experience as a board member of an international charity and as a ship operator.
Having completed a successful seagoing career, … [Read more...]

(BIMCO) - BIMCO, the world’s largest international shipping association, has today voiced serious concerns about some of the conclusions of the official study that will inform the decision of the MEPC over the implementation date of the 0.5% global sulphur cap.
The official IMO study which assessed the relevant availability of fuel oil has failed to fully address the IMO’s … [Read more...]